Tag: Transportation

Student Transportation Inc. Reports Fourth Quarter & Fiscal Year 2016 Results

BARRIE, Ontario, Sept. 14, 2016 (GLOBE NEWSWIRE) — Student Transportation Inc. (TSX:STB) (NASDAQ:STB) (“STI” or “the Company”) today announced financial results for the fourth quarter and fiscal year ended June 30, 2016. All financial results are reported in U.S. dollars except as otherwise noted. “We were very pleased with our strong performance and solid results in fiscal 2016 which were in line with our internal objectives and we are well-positioned for continued improvements in fiscal 2017,” said Denis J. Gallagher, STI Chairman and CEO. “Our year-end results reflect the positive impact of our fuel management and early stage returns from strategic

Frequency Electronics, Inc. Announces First Quarter Fiscal Year 2017 Results

MITCHEL FIELD, N.Y., Sept. 14, 2016 (GLOBE NEWSWIRE) — Frequency Electronics, Inc. (NASDAQ:FEIM) reported revenues for the first quarter of fiscal 2017, which ended July 31, 2016, of $12.7 million as compared to $16.7 million in the same quarter of fiscal 2016.  The Company recorded operating loss of $796,000 for the quarter ended July 31, 2016, compared to an operating profit of $941,000 in the first quarter of fiscal 2016.  Net loss for the first quarter of fiscal 2017 was $706,000 or ($0.08) per diluted share compared to net income of $891,000 or $0.10 per diluted share for the first

Investment, Policy and Holistic Planning Integral to Drive Hydrogen Fueling Infrastructure

OVERLAND PARK, Kan., Sept. 14, 2016 (GLOBE NEWSWIRE) — A new white paper from Black & Veatch’s Smart Integrated Infrastructure (SII) business examines the current hydrogen fueling infrastructure in the U.S. and challenges that complicate development. Costs, financing, siting, policies and safety education are cited as the keys, and sometimes barriers, to greater fueling station deployment. Recent reports estimate that in California alone more than 34,000 hydrogen fuel cell electric vehicles (FCEVs) will be on the road by 2021. Even with states like California investing heavily in new hydrogen fuel stations, the rate of consumer adoption is quickly outpacing fueling

CSX Receives Award of Excellence for “CSX Rail Respond” Emergency Response Tool

WASHINGTON, Sept. 14, 2016 (GLOBE NEWSWIRE) — The National Alliance for Public Safety GIS (NAPSG) Foundation has granted an Award of Excellence in Public Safety to CSX for its “CSX Rail Respond” mobile-computing application, which provides firefighters, police officers and other emergency responders with easy mobile access to critical information about the commodities traveling on CSX rails in near-real time. CSX Rail Respond supports safe and effective response to rail-related incidents by allowing emergency first responders to determine the exact contents of any rail car on a CSX train, along with emergency response information and recommendations for protective action distances.

SR Scales Selected by Life Care Centers of America as Preferred Provider of Portable Wheelchair Scales

TONAWANDA, N.Y., Sept. 14, 2016 (GLOBE NEWSWIRE) — SR Instruments, a leading manufacturer of purpose-built scales for hospitals, medical facilities, and long term centers, today announced that its flagship product line, SR Scales, has been selected as the preferred provider of portable wheelchair scales for all Life Care Centers of America institutions. With over 200 locations nationwide, Life Care Centers provide unparalleled medical and rehabilitative care for their residents. “We needed to find an alternative approach to weighing our patients that would provide greater accuracy, repeatability, and ease of use for our staff,” said John Kitterman, Director of Purchasing at

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I.D. Systems Secures New Orders from Leading Global Intermodal Shipping Company for VeriWise® Intermodal Container Systems

WOODCLIFF LAKE, N.J., Sept. 14, 2016 (GLOBE NEWSWIRE) — The Asset Intelligence subsidiary of I.D. Systems, Inc. (NASDAQ:IDSY), a leading provider of enterprise asset management technology and solutions for the Industrial Internet of Things, has secured a new order from a global intermodal shipping company for 3,500 VeriWise® Container tracking systems to be deployed on its fleet of newly purchased containers.  The order follows a previous order placed in Q1 2016 from the customer for an initial 1,500 VeriWise Container tracking systems.  The customer, an industry leader in intermodal container shipping, chose Asset Intelligence to provide an advanced tracking solution for

Carpenter Technology Announces Retirement Plan Changes

Will freeze General Retirement Plan effective December 31, 2016 Aligns retirement benefit plans for most employees WYOMISSING, Pa., Sept. 14, 2016 (GLOBE NEWSWIRE) — Carpenter Technology Corporation (NYSE:CRS) (the “Company”) today announced changes to retirement plans it offers to certain employees. The Company will freeze benefits accrued to eligible participants of the General Retirement Plan (“GRP”) effective December 31, 2016. The GRP is a defined benefit pension plan that currently includes approximately 1,900 domestic current salaried and hourly employees. The affected employees will be transitioned to the Company’s 401(k) plan that has been in effect for eligible employees since 2012,

Hurco Companies, Inc. Announces Quarterly Cash Dividend

INDIANAPOLIS, Sept. 14, 2016 (GLOBE NEWSWIRE) — Hurco Companies, Inc. (Nasdaq:HURC), an international industrial technology company, announced today that its Board of Directors approved the payment of a cash dividend of $0.09 per share.  The dividend will be paid on October 17, 2016, to shareholders of record as of the close of business on September 30, 2016.  Future declarations of dividends are subject to approval of the Board of Directors and may be adjusted as business needs or market conditions change. About the Company Hurco Companies, Inc. is an international, industrial technology, company that sells its three brands of computer

Fortigen Geneva, LLC Awards Matrix Service EPFC of 20,000 Ton Ammonia Tank

TULSA, Okla., Sept. 14, 2016 (GLOBE NEWSWIRE) — Matrix Service Company (Nasdaq:MTRX) announced that its subsidiary, Matrix Service Inc. has been awarded the engineering, procurement, fabrication and construction of a 20,000 ton ammonia tank for Fortigen Geneva LLC’s new anhydrous ammonia fertilizer manufacturing plant in Geneva, NE. The plant is Fortigen’s first fertilizer manufacturing facility and will produce 100 tons per day of anhydrous ammonia. This facility will take advantage of the low cost of natural gas and reduced transportation costs to serve some of the most productive crop land in the world. “As we continue to execute our own growth

Epoxy Resin Market Projected To Reach $14.26 Billion By 2024: Grand View Research, Inc.

San Francisco, Sept. 14, 2016 (GLOBE NEWSWIRE) — The global epoxy resin market is expected to reach USD 14.26 billion by 2024, according to a new report by Grand View Research, Inc. The market is anticipated to be driven by end-use industries including automotive, aerospace, transportation, composites, decorative coatings, construction, industrial & marine coatings, electrical & electronics, especially in Asia Pacific. Epoxy resins are the most preferred thermoplastics for manufacturing composite materials owing to their superior properties as compared to other materials. Huge production capacities of epichlorohydrin and bisphenol A, especially in China, ensure consistent raw material supply. However, fluctuating raw

Hill International Receives $19 Million Contract Amendment for East Link Light Rail Extension Project Near Seattle

PHILADELPHIA and SEATTLE, Sept. 13, 2016 (GLOBE NEWSWIRE) — Hill International (NYSE:HIL), the global leader in managing construction risk, announced today that it has received a contract extension from the Central Puget Sound Regional Transit Authority (Sound Transit) to provide design-build project management services during the next phase of the E360 Segment of the East Link Light Rail extension project near Seattle, Washington. Hill received its original contract in January 2015 for Phase I (pre-construction) services valued at approximately $1.0 million over a one-year period.  The recent amendment for Phase II (construction) services will have an estimated value to Hill of approximately $19.0 million over the

CSX Marks Sixth Consecutive Year on Dow Jones Sustainability Index for North America

JACKSONVILLE, Fla., Sept. 12, 2016 (GLOBE NEWSWIRE) — CSX (Nasdaq:CSX) was named to the 2016 Dow Jones Sustainability Index for North America, recognizing the company’s leadership in sustainable and responsible business practices.  CSX was the only U.S.-based railroad and one of only three transportation companies included on the North American index. “Achieving the ‘right results, the right way’ is one of CSX’s core values, and we aim to live that value every day as we safely and efficiently move the goods that are essential to our communities,” said Michael J. Ward, chairman and chief executive officer. “By operating with respect

Champion® Brand, Yellow Bus Nation Join Forces to Promote Student Safety Through Use of High-Quality Bus Parts

SOUTHFIELD, Mich., Sept. 12, 2016 (GLOBE NEWSWIRE) — As the nation’s nearly 480,000 school buses embark on a new academic year, a leading purchasing network has turned to Federal-Mogul Motorparts’ iconic Champion® brand to help bus fleet operators promote student safety and improve vehicle reliability through the use of high-quality replacement parts. Federal-Mogul Motorparts is a division of Federal-Mogul Holdings Corporation (NASDAQ:FDML). Yellow Bus Nation will offer a full complement of premium Champion products – including ignition parts, filters, wipers and lighting components – to its members. Established in January, the purchasing group already serves school districts and third-party bus

Rex Energy Provides Operational Update

STATE COLLEGE, Pa., Sept. 12, 2016 (GLOBE NEWSWIRE) — Rex Energy Corporation (Nasdaq:REXX) today provided an update on its Appalachian Basin operations. Operational Update Moraine East Area Joint Development Agreement The company’s joint development partner, Benefit Street Partners L.L.C. (“BSP”) has elected into the next four wells in the development program, the four-well Vaughn pad in the Warrior North Area. BSP’s election increases the total capital commitment to date by BSP from $98.1 million to $120.1 million. The company is currently drilling the second of four wells on the Vaughn pad and expects to place the four wells into sales

Arcadis Finds New York City Earns Most Sustainable US City

HIGHLANDS RANCH, Colo., Sept. 12, 2016 (GLOBE NEWSWIRE) — New York City leads the United States for sustainability, according to the Sustainable Cities Index from Arcadis, the leading global design and consultancy for natural and built assets. From 22 North American cities measured, New York City ranks ahead of Boston (5th), San Francisco (6th) and Seattle (7th) while rounding out the bottom rankings are Indianapolis, Tampa and Detroit. Canadian cities ranked ahead of most U.S. cities, with Vancouver taking the highest spot and Toronto and Montreal ranking in the top five. With cities home to more than half the world’s

Sharps Compliance Corp. Announces Resignation of Senior Vice President of Sales

HOUSTON, Texas., Sept. 09, 2016 (GLOBE NEWSWIRE) — Sharps Compliance Corp. (NASDAQ:SMED) (“Sharps” or the “Company”), a leading full-service national provider of comprehensive waste management solutions including medical, pharmaceutical and hazardous, today announced that Brandon Beaver resigned as the Company’s Senior Vice President of Sales, for personal reasons, effective September 7, 2016. The Company is working with a professional search firm to identify a replacement to lead its field sales initiative. David P. Tusa, President and Chief Executive Officer of Sharps Compliance, commented, “We would like to thank Brandon for his contributions to the Company and wish him well in

Synthesis Energy Systems, Inc. to Report Fiscal 2016 Financial Results on Thursday, September 22, 2016

HOUSTON, Sept. 09, 2016 (GLOBE NEWSWIRE) — Synthesis Energy Systems, Inc. (SES) (NASDAQ:SYMX), the global leader in low cost, high performance clean energy gasification technology, will release financial results for its fiscal 2016 year and fourth quarter ended June 30, 2016, on Thursday, September 22, 2016. SES President and Chief Executive Officer DeLome Fair and Chief Financial Officer Roger L. Ondreko will report on financial results and provide a business update beginning at 4:15 p.m. EDT on September 22. To access the live conference call webcast, please log on to the Investor Center of the corporate website, www.synthesisenergy.com. Interested parties

A123 Targets Electric Vehicle Market with Argonne National Laboratory Agreement

LIVONIA, Mich., Sept. 08, 2016 (GLOBE NEWSWIRE) — A123 Systems LLC, a developer and manufacturer of advanced lithium-ion batteries and systems, today announced an agreement with Argonne National Laboratory to collaborate on a cathode development program that results in safe lithium-ion batteries with high energy densities and long lifetimes. With A123 playing the lead role, the two organizations will produce a safe class of advanced cathode materials for use in transportation applications that require substantial improvements in electric driving range. The three-year, multi-million dollar agreement between A123 Systems and Argonne National Laboratory will focus on improving the cathode safety without

Alliance Releases Data from CTS Cellulosic Ethanol Multiple Feedstock Testing.  Results Conclusive: CTS Economically Superior to Existing Cellulosic Conversion Processes  

WEST PALM BEACH, Fla., Sept. 08, 2016 (GLOBE NEWSWIRE) —  Alliance BioEnergy Plus, Inc. (OTCQB:ALLM) (the “Company”), is very pleased to release the results from months of testing and data collection on dozens of lignocellulose feedstocks utilizing the patented CTS conversion process.  Corn stover, sugar cane bagasse, various grasses, hard and soft woods, landscape waste, agricultural waste and specialty plants were all put through the CTS system.  The C5 and C6 sugars were recovered, solubilized and fermented into alcohols while the pure lignin was separated and collected.  Extensive data on energy consumption, recycling, recovery rates, processing times and overall economics

Hooker Furniture Reports Fiscal First Half Results

MARTINSVILLE, Va., Sept. 08, 2016 (GLOBE NEWSWIRE) — Hooker Furniture (NASDAQ:HOFT) today reported consolidated net sales of $136.2 million and net income of $5.3 million, or $0.46 per diluted share, for its fiscal 2017 second quarter ended July 31, 2016. Earnings per diluted share increased nearly 28% from $0.36 in the comparable prior year quarter.   For the fiscal 2017 first-half, consolidated net sales were $258 million, and net income was $7.8 million or $0.68 per diluted share. Earnings per diluted share decreased 1.4% from $0.69 in the comparable prior year first half.  Included in fiscal 2017 first half results is